Turkish President Recep Tayyip Erdogan has called on the Muslim world to use national currencies for trade, expressing his country's readiness to act on this issue.
He made the statement at a session entitled "The Role of Development in Achieving National Sovereignty" held on the sidelines of the "Kuala Lumpur 2019" mini-Islamic summit to be hosted in the Malaysian capital, December 18-21.
"Trade in national currencies has become an urgent necessity, and we are ready to work with the Muslim world in this regard," Erdogan said.
"We should put Islamic finance at the top of our agenda," he said.
He noted that cooperation between universities in the Muslim world could be expanded.
"I think there is great potential among our countries in the field of interest-free financing. In order to harness these possibilities, we can create a working group of financial experts, so we can prepare a comprehensive and detailed roadmap."
Technology and innovation were another important area to which attention should also be given.
On the other hand, he stressed that his country has come a long way in defense industries by reducing its dependence on the outside from about 80% to about 30% by 2023.
Earlier on Thursday, the Kuala Lumpur summit began in Malaysia, with the participation of five countries, including Turkey, and will run until December 21.
According to earlier statements by Malaysian Prime Minister Mahathir Mohamad, 450 leaders, intellectuals and intellectuals from the Muslim world are taking part in the summit.